Thu, October 26, 2023 | 9:10PM ET

VIDEO: Macro Minute: Is tax-loss harvesting for bond funds pressuring yields higher? While patience needed, some positive divergences seen in CCC-BB spreads and Bitcoin/SPX.

We discuss: how tax-loss harvesting is hitting stocks (expected) but also likely bonds where 13 of 15 largest bond mutual funds down YTD, something essentially never seen. Divergences of small-caps vs quality spread is likely positive as is the divergence of bitcoin vs SPY.

Please click below to view our Macro Minute (Duration: 6:31).

VIDEO: Macro Minute: Is tax-loss harvesting for bond funds pressuring yields higher? While patience needed, some positive divergences seen in CCC-BB spreads and Bitcoin/SPX.

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